Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) has been downgraded to Sector Perform in a report by Scotiabank today.
- Updated: November 28, 2016
Scotiabank has downgraded Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) to Sector Perform in a report released on 11/28/2016.
Previously on 1/26/2016, JP Morgan reported on Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) reduced the target price from $20.00 to $17.00. At the time, this indicated a possible upside of 0.13%.
Yesterday Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM) traded 0.00% even at $27.83. The company’s 50-day moving average is $28.17 and its 200-day moving average is $25.53. The last closing price is up 9.71% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 464,987 shares of the stock traded hands, down from an average trading volume of 623,703
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Sociedad Quimica y Minera de Chile (ADR) has a price-earnings ratio of 35.59 with a one year low of $14.31 and a one year high of $30.06 SQM’s total market value is presently $0.
More About Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM)
Sociedad Quimica y Minera de Chile S.A. (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services. Specialty plant nutrients are fertilizers that enable farmers to improve yields and the quality of certain crops. Industrial chemicals have a range of applications in chemical processes, such as the manufacturing of glass and industrial nitrates. Iodine and its derivatives are used in the X-ray contrast media and biocides industries, among others. Lithium and its derivatives are used in batteries, greases and frits for production of ceramics. Potassium chloride is a commodity fertilizer that is produced and sold by the Company across the world.
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